NetApp Valuation
Is NTAP * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NTAP * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NTAP * (MX$2595) is trading below our estimate of fair value (MX$3147.37)
Significantly Below Fair Value: NTAP * is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NTAP *?
Key metric: As NTAP * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is NTAP *'s PE Ratio? | |
|---|---|
| PE Ratio | 21.8x |
| Earnings | US$1.15b |
| Market Cap | US$25.05b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.8x |
| Enterprise Value/EBITDA | 15.3x |
| PEG Ratio | 3.8x |
Price to Earnings Ratio vs Peers
How does NTAP *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 17.2x | ||
HPE Hewlett Packard Enterprise | 15.5x | 7.3% | US$28.7b |
4901 FUJIFILM Holdings | 16.4x | 9.3% | JP¥3.9t |
2382 Quanta Computer | 21.2x | 19.7% | NT$1.1t |
7751 Canon | 15.9x | 7.5% | JP¥4.8t |
NTAP * NetApp | 21.8x | 5.8% | Mex$25.1b |
Price-To-Earnings vs Peers: NTAP * is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (17.2x).
Price to Earnings Ratio vs Industry
How does NTAP *'s PE Ratio compare vs other companies in the Global Tech Industry?
| 5 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 5 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: NTAP * is good value based on its Price-To-Earnings Ratio (21.8x) compared to the Global Tech industry average (22.1x).
Price to Earnings Ratio vs Fair Ratio
What is NTAP *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21.8x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NTAP *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Mex$2,595.00 | Mex$2,811.36 +8.3% | 9.1% | Mex$3,276.91 | Mex$2,375.76 | n/a | 17 |
| Nov ’25 | n/a | Mex$2,660.71 0% | 10.1% | Mex$3,098.54 | Mex$2,158.98 | n/a | 16 |
| Oct ’25 | n/a | Mex$2,643.73 0% | 10.1% | Mex$3,078.77 | Mex$2,145.20 | n/a | 16 |
| Sep ’25 | n/a | Mex$2,603.75 0% | 9.9% | Mex$3,074.07 | Mex$2,141.93 | n/a | 16 |
| Aug ’25 | n/a | Mex$2,329.67 0% | 10.5% | Mex$2,831.35 | Mex$1,918.01 | n/a | 16 |
| Jul ’25 | n/a | Mex$2,369.06 0% | 10.0% | Mex$2,908.37 | Mex$1,970.19 | n/a | 16 |
| Jun ’25 | n/a | Mex$2,015.98 0% | 8.2% | Mex$2,341.27 | Mex$1,781.40 | n/a | 16 |
| May ’25 | n/a | Mex$1,731.48 0% | 9.6% | Mex$1,975.26 | Mex$1,399.14 | n/a | 17 |
| Apr ’25 | n/a | Mex$1,746.87 0% | 9.8% | Mex$2,001.19 | Mex$1,417.51 | n/a | 16 |
| Mar ’25 | n/a | Mex$1,686.97 0% | 11.7% | Mex$2,042.23 | Mex$1,327.45 | n/a | 16 |
| Feb ’25 | n/a | Mex$1,557.71 0% | 9.5% | Mex$1,809.79 | Mex$1,258.24 | n/a | 16 |
| Jan ’25 | n/a | Mex$1,534.70 0% | 7.9% | Mex$1,736.30 | Mex$1,267.50 | n/a | 18 |
| Dec ’24 | n/a | Mex$1,512.56 0% | 8.2% | Mex$1,736.36 | Mex$1,267.54 | n/a | 18 |
| Nov ’24 | n/a | Mex$1,383.41 0% | 10.1% | Mex$1,712.61 | Mex$1,078.94 | n/a | 18 |
| Oct ’24 | n/a | Mex$1,383.41 0% | 10.1% | Mex$1,712.61 | Mex$1,078.94 | n/a | 18 |
| Sep ’24 | n/a | Mex$1,307.84 0% | 10.2% | Mex$1,507.97 | Mex$1,038.82 | n/a | 18 |
| Aug ’24 | n/a | Mex$1,282.70 0% | 9.5% | Mex$1,498.82 | Mex$1,027.28 | n/a | 18 |
| Jul ’24 | n/a | Mex$1,273.50 0% | 10.2% | Mex$1,523.64 | Mex$1,027.17 | n/a | 18 |
| Jun ’24 | n/a | Mex$1,280.42 0% | 10.6% | Mex$1,562.25 | Mex$1,053.20 | n/a | 18 |
| May ’24 | n/a | Mex$1,267.32 0% | 9.9% | Mex$1,546.53 | Mex$1,043.01 | n/a | 19 |
| Apr ’24 | n/a | Mex$1,333.51 0% | 9.1% | Mex$1,599.47 | Mex$1,078.71 | n/a | 20 |
| Mar ’24 | n/a | Mex$1,342.33 0% | 12.0% | Mex$1,837.61 | Mex$1,065.81 | n/a | 21 |
| Feb ’24 | n/a | Mex$1,455.56 0% | 14.4% | Mex$2,088.41 | Mex$1,101.16 | n/a | 21 |
| Jan ’24 | n/a | Mex$1,525.03 0% | 14.4% | Mex$2,174.58 | Mex$1,146.60 | n/a | 21 |
| Dec ’23 | n/a | Mex$1,548.88 0% | 13.7% | Mex$2,107.13 | Mex$1,245.12 | n/a | 21 |
| Nov ’23 | n/a | Mex$1,744.61 0% | 13.3% | Mex$2,377.73 | Mex$1,406.82 | n/a | 21 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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